Dma stock brokerage firms
Direct Market Access (DMA), as it name implies, simply refers to a trading system whereby traders have a direct link to the market through electronic trade executions. This means that any traders with access to a DMA Forex broker can easily place any trade they wish with liquidity providers in the FX market. Intermediary brokerage firms are known to have direct market access for completing trade orders. In the broad market, direct market access platforms can be owned and managed by various entities. Broker-dealers and market-making firms have direct market access. Direct market access (DMA) is a term used in financial markets to describe electronic trading facilities that give investors wishing to trade in financial instruments a way to interact with the order book of an exchange. Normally, trading on the order book is restricted to broker-dealers and market making firms that are members of the exchange.